UK BRC like-for-like retail sales YoY +3.4% in May; prior -3.4%.

FITCH raised its global oil & gas industry outlook to "Improving" citing higher oil prices. It expects Brent at $100–110/bbl in June–July if the Strait of Hormuz remains closed, easing to about $70/bbl by September. FITCH says oil infrastructure has not been materially damaged and production should recover to near-normal within weeks once the strait reopens. It forecasts a return to market oversupply by Q4 2026, which would pressure prices lower.

Head of Ukraine's military says Ukrainian forces have retaken over 600 sq km of territory since early 2026.